Section 8 Fair Market Rent (FMR) for ZIP 81433 - 2027

Location: San Juan County, CO | Metro: San Juan County, CO

Investment Score for ZIP 81433

Monthly Rent (2BR)

$1,340

Median Price (2BR)

$534,010

1% Rule

0.25%

Annual Yield

3.01%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$930
1 Bedroom	$1,030
2 Bedrooms	$1,340
3 Bedrooms	$1,620
4 Bedrooms	$2,080
5 Bedrooms	$2,413
6 Bedrooms	$2,703
7 Bedrooms	$2,919
8 Bedrooms	$3,065

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,340	$534,010	0.25%	F
3BR	$1,620	$638,927	0.25%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

651

Median Household Income

$62,317

Housing Units

583

Renter Percentage

51.4%

Occupancy Rate

62.8%

Renter Occupied

188

Silverton, CO, located in ZIP code 81433, is a small mountain town known for its natural beauty and proximity to ski resorts and outdoor recreational activities. This area presents unique opportunities for real estate investors interested in the rental market, particularly those familiar with government assistance programs such as Section 8.

The Fair Market Rent (FMR) for a two-bedroom apartment in the Silverton metro area for fiscal year 2026 is set at $1,230. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher, providing a benchmark for subsidized housing in the region.
The average market rent for properties in Silverton, as per the Census Bureau's American Community Survey (ACS), stands at $992. This indicates that the unsubsidized rental market is below the FMR, potentially offering landlords a chance to attract both voucher holders and private renters.
The median home value in Silverton is $538,009, reflecting the high cost of property ownership in this scenic location. For investors looking to purchase properties, this suggests a significant investment is required, but it also implies a strong local economy capable of supporting higher rents.
Renters make up 51.4% of the population, which is slightly above the national average. This high percentage of renters points to a robust demand for rental properties, including those supported by Section 8 vouchers.
The median household income in Silverton is $62,317. While this figure is relatively modest compared to larger metropolitan areas, it still supports a diverse rental market, allowing landlords to consider various pricing strategies.
Data on days on market (DOM) is currently unavailable, which could indicate either a stable market or a lack of recent sales activity. However, given the strong rental demand, any available properties are likely to be quickly occupied.

For landlords and small-portfolio investors in Silverton, the key takeaway is that there is a healthy balance between subsidized and market-rate rentals. The FMR being higher than the average market rent opens up opportunities for landlords to participate in the Section 8 program while still maintaining competitive rates. The high median home value signals a premium location, justifying potentially higher rental prices. With over half of the residents renting, there is a consistent need for rental properties, making Silverton a viable market for long-term investments. However, the absence of DOM data means that caution should be exercised when evaluating the speed of property turnover and the overall health of the real estate market.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.